JSW Cement IPO Listing Price: JSW did a good listing in the stock market today, but in a short time lost the initial lead and flat. The IPO received 7.77 times subscription from investors and the company had a price band at Rs 139-147.
JSW Cement Share Price: The listing of JSW Cement Share became a bang in the stock market on Thursday, August 14, but the initial fast did not last long. The stock was listed at Rs 153 on BSE and Rs 153.50 on NSE, which is about 4% premium from the issue price. However, in a short time of the listing, most of the growth ended and the stock became flat. Let’s know how the response of IPO was …
JSW Cement IPO Details & Subscription
JSW Cement Limited’s IPO was opened on 7 August and closed on 11 August. By the last day, this issue was 7.77 times subscribed. The company had fixed the price band of the IPO at Rs 139-147 per share. According to CRISIL report, JSW is the largest producer of ground granulated blast furnace slag (GGBS) in the country, which FY25 has 84% market share. It is an eco-friendly product prepared from a slag made during steel production.
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JSW Cement IPO GMP and Prior to Listing
Gray Market Premium (GMP) was at Rs 4.5, indicating that the share listing could be around Rs 151.5. GMP has seen a decline in the last 12 sessions, Max has come down from Rs 19 to Rs 4.5. According to Harshal Dasani of Invasst PMS, the market sentiment is careful and that is why the listing premium remained limited. He made a profit of about Rs 78 crore from SBI’s pre-iPO Stek Sale, which shows institutional confidence.
JSW Cement Share Price
Till 11 am, JSW Cement shares were trading in the range of Rs 147. If you took the IPO of the company, today you have received a minor profit. According to experts, there may be a chance of profit booking for short-term traders. For long-term investors, the company’s business model is strong, but it is necessary to monitor the market sentiments.
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Disclaimer: This article is only for information. Investment in the stock market is subject to risk. Be sure to consult your market expert before investment.